Quarterly Performance Report

3rd Quarter Financial Results (October 2012 to December 2012)
Sl. No	Particulars	Three Months Ended 31st Dec'12 (Limited Review)	Three Months Ended 30th Sep'12 (Limited Review)	Three Months Ended 31st Dec'11 (Limited Review)	Nine Months Ended 31st Dec'12 (Limited Review)	Nine Months Ended 31st Dec'11 (Limited Review)	Twelve Months Ended 31st Mar 2012 (Audited)
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
1	Income from operations
(a)	Net Sales / Income from Operations (net of excise duty)	310.73	283.29	344.58	907.09	883.04	1484.29
(b)	Other Operating Income	0.19	0.11	1.94	0.99	3.17	3.26
	Total Income from operations (net)	310.92	283.40	346.52	908.08	886.21	1487.55
2	Expenditure
(a)	Cost of materials consumed	15.60	10.63	16.37	39.91	50.85	71.54
(b)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	(34.97)	(26.85)	(16.47)	(56.61)	(102.82)	(22.15)
(c)	Consumption of stores, spares & tools consumed	25.99	19.02	19.07	62.79	57.01	84.10
(d)	Employee benefit expense	92.33	92.35	81.83	281.03	260.38	339.50
(e)	Consumption of power & fuel	48.41	44.02	42.08	130.96	117.42	159.53
(f)	Depreciation and amortisation expense	41.44	34.84	37.49	111.43	106.72	144.06
(g)	Other Expenditure	80.20	76.60	77.38	225.20	192.185	277.11
	Total expenses	269.00	250.61	258.15	794.71	682.41	1097.99
3	Profit from operations before other income, finance costs and exceptional items (1-2)	41.92	32.79	88.37	113.37	203.80	389.56
4	Other Income	69.54	22.26	24.42	114.31	63.34	84.89
5	Profit from ordinary activities before finance costs and exceptional items(3+4)	11.46	55.05	112.79	227.68	267.14	474.45
6	Finance costs	0.94	0.81	0.14	2.03	0.27	1.53
7	Profit from ordinary activities after finance costs but before exceptional items(5-6)	110.52	54.24	112.65	225.65	266.87	472.92
8	Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00
9	Profit from ordinary activities before tax (7+8)	110.52	54.24	112.65	225.65	266.87	472.92
10	Tax expense - Current	21.35	21.79	39.82	65.17	97.88	158.70
	- Deferred	13.33	(11.25)	(6.31)	(8.46)	(17.02)	(9.22)
11	Net Profit from ordinary activities after tax (9-10)	75.84	43.70	79.14	168.94	186.01	323.44
12	Extraordinary Items	0.00	0.00	0.00	1.39	0.00	0.00
13	Net Profit for the period (11-12)	75.84	43.70	79.14	167.55	186.01	323.44
14	Paid up Equity Share Capital (Face value Rs. 5/- per share)	462.61	462.61	462.61	462.61	462.61	462.61
15	Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year	-	-	-	-	-	935.03
16.i	Earning per share ( before extraordinary items) - Basic (Rs)	0.82	0.47	0.86	1.83	2.01	3.50
	- Diluted (Rs)	0.82	0.47	0.86	1.83	2.01	3.50
16.ii	Earning per share ( after extraordinary items) - Basic (Rs)	0.82	0.47	0.86	1.81	2.01	3.50
	- Diluted (Rs)	0.82	0.47	0.86	1.81	2.01	3.50
A	PARTICULARS OF SHAREHOLDING
1	Public Shareholding
	- Number of Shares	55402648	3798500	3798500	55402648	3798500	3798500
	- % of Shareholding	5.99	0.41	0.41	5.99	0.41	0.41
2	Promoters and promoter group shareholding
a)	Pledged/Encumbered
	- Number of Shares	NIL	NIL	NIL	NIL	NIL	NIL
	-Percentages of Shares ( as a % of the total shareholding of promoter & promoter group)	N.A.	N.A	N.A	N.A	N.A	N.A
	-Percentages of Shares ( as a % of the total shareholding of promoter & promoter group)	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
b)	Non-encumbered
	- Number of Shares	869815352	921419500	921419500	869815352	921419500	921419500
	-Percentages of Shares ( as a % of the total shareholding of promoter & promoter group)	100%	100%	100%	100%	100%	100%
	-Percentages of Shares ( as a % of the total shareholding of promoter & promoter group)	94.01%	99.59%	99.59%	94.01%	99.59%	99.59%
B	INVESTOR COMPLAINTS
	Pending at the beginning of the quarter	NIL
	Received during quarter	2
	Disposed of during the quarter	2
	Remaining unresolved at the end of the quarter	NIL
	Notes: 1) These results have been reviewed by Audit Committee and approved by Board in their meetings held on 12th February, 2013. 2) The company, a vertically integrated copper producer, is primarily engaged in the business of mining & processing of copper ore to produce refined copper metal which has been grouped as a single segment in the above disclosures. The said treatment is in accordance with the Accounting Standard on "Segment Reporting (AS-17)" 3) The company has taken credit of income of Rs 47.58 crore consisting mainly write back of old provision of 31.63 crore for consultancy fees paid in earlier period to M/s Bishimetal Exploration Company Ltd. (BES), Japan as per the Board approval dated 03.02.2012 and booked under the accounting head "CWIP-Mines Feasibility Study" due to the fact that BEC report had served its purpose ans expenditure incurred was apart of the Project Cost consequent to application made to MOEF for environmental clearance being recommended by Expert Appraisal Committee in its 30th meeting held on 29.08.2012. A sum of 3.13 crore being excess liabilities in the books arising out of court settlement and Rs 6.88 crore in respect to old disputed liability of M/s Bhagawati Gases Ltd. have been taken credit of income by write back of such liabilities in the books. Further the company has taken credit of income of Rs 2.63 crore consisting of various deposits (Cr Bal) of Rs 1.18 crore and miscellaneous credit balances Rs 1.45 crore remaining unclaimed for long period by maintaining memoranda record for any future requirement of needful references. 5) Figures for the previous period have been rearranged wherever necessary.

Hindustan Copper Limited